Wealth Minerals Ltd. is a Canadian mining company specializing in lithium resource development, focusing on projects in Chile, a region that produces over one-third of global lithium. The company strategically acquires and develops lithium assets to support the growing demand for electric vehicle batteries and renewable energy storage systems. Through its partnership with FLSmidth A/S, Wealth Minerals has positioned itself to develop substantial lithium resources in South America’s most productive regions.
Battery Technology
Wealth Minerals’ contribution to battery technology centers on its Direct Lithium Extraction (DLE) methods, representing a significant improvement over traditional extraction techniques. The company implements advanced DLE technology across its projects, particularly in the Atacama Salar, where lithium-rich brines are processed using environmentally responsible methods.
The company’s extraction process involves specialized adsorption resins that selectively capture lithium from brine solutions. This method significantly reduces water consumption compared to conventional evaporation techniques and allows for the reinjection of processed brine back into the salar, maintaining ecological balance.
Through its partnership with BASF, Wealth Minerals ensures its lithium production meets the strict quality requirements for battery manufacturing. The extracted lithium serves as an essential component in lithium-ion batteries, powering electric vehicles and supporting renewable energy storage systems. This technical approach aligns with global sustainability goals while meeting the increasing demand for high-quality battery materials.
Recent Projects
In February 2025, Wealth Minerals acquired the Pabellón Lithium Project, encompassing 7,600 hectares in northern Chile. The project includes access to the Cerro Pabellón geothermal power plant, where the company plans to install DLE units.
The company also formed a significant partnership with the Quechua Indigenous Community of Ollagüe in February 2025, establishing a joint development agreement for the Kuska Lithium Project. This collaboration grants the community a 5% ownership interest and board representation.
In May 2024, Sulzer acquired a minority stake in Wealth Minerals, strengthening the company’s technological capabilities and market position.
Investors
Major shareholders include David Lies with 6.921%, Henk van Alphen holding 1.953%, and Xiao Huan Tang possessing 0.1191%. Strategic corporate investors include Sulzer, which maintains a minority position, and FLSmidth A/S, providing technical expertise and equipment supply rights for the Ollagüe Salar project.
The company has successfully raised substantial capital, including a recent $6.9 million funding round, demonstrating strong investor confidence in its development strategy.
Business Details
Location: Vancouver, Canada
Website: https://wealthminerals.com
LinkedIn: https://www.linkedin.com/company/18331628
